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us live now. good morning to you. >> good morning, lynn. it's a critical day for mohamed morsi, a former leader of the muslim brotherhood which began on thursday when he issued the decree putting all his decisions effectively above the law. he said he was doing that to protect egypt's very slow move towards democracy from the judges and prosecutors mostly hand picked by hosni mubarak who were seen as sabotaging the process. the backlash was huge, was immediate, the past four days with national strikes, a sit-in on tahrir square and on going clashes between pro morsi and anti--morsi camps and the riot police. so far neither side has backed down. the pressures are growing. egypt's stock market, after losing $5 billion yesterday, has dropped another 5% today. all eyes now are on this meeting between top judges and morsi who it's hoped we'll find some kind of face-saving end to a crisis splitting egypt apart just when it should be sitting down, unified, and working on things like a new constitution. lynn, if there's any reminder of how all this might play out, there's a funeral lat
mohamed morsi's decision to grant himself sweeping new powers. we have a live report from cairo with the latest. iman, good morning. >> reporter: good morning. thousands are pouring into the square angered by the decree. let's talk about the protests taking place. close to tahrir square is the u.s. embassy. today riot police outside the embassy compound fired teargas, pelted protesters with rocks to try to keep them back. the protesters also exchanged throwing stones at the riot police. that incident brings back serious concerns for u.s. officials because several months ago, back on september 11th a similar scene erupted outside the u.s. embassy. there's growing concern about the security force ts and their ability to maintain law and order. we've seen clashes erupt, many of them towards the freedom of justice party. that is the political wing of the muslim brotherhood from which president mohamed morsi comes from. we're talking about the decree that he issued on thursday that gave him sweeping powers to make new laws without judicial reviews, that has angered many and what has
in cairo against president mohammed morsi and his decree granting himself nearly absolute power. more than 200,000 people packed tahrir square. >>> four female soldiers who served tours in iraq or afghanistan filed a federal lawsuit yesterday trying to force the pentagon to end a ban on women serving in combat jobs. the suit says service women have often found themselves in combat without receiving the same rewards or opportunities for promotion. >>> a federal judge is ordering big tobacco companies to run ads saying they deliberately deceived the american public about the health effects of smoking. appeals are expected. >>> and prince william and his wife kate who became the duke and duchess of cambridge on their wedding day last year made their first official visit to cambridge this morning. the couple are meeting with students from cambridge university. they will also visit a homeless charity and hospital. >>> here's how wall street will kick off the day. the dow fell 89 points yesterday. the s&p was down seven. the nasdaq lost nine. overseas markets were also down. in tokyo, the nikkei
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